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Quote of the Day
"We have no idea what the future might bring, and even if we did, we would not be able to anticipate what the market will do in response to those circumstances."
(Barry Ritholtz)
Value
- Despite a recent bounce back, value is still underperforming in 2020. (morningstar.com)
- There is a very simple reason why value stocks have underperformed growth. (lt3000.blogspot.com)
- When value snaps back it can do so quickly. (institutionalinvestor.com)
International
- China is the one stock market to become less correlated to the rest of the global market in 2020. (morningstar.com)
- Why so many investors have given up on international equities. (finance.yahoo.com)
Apple
- John Gruber, "The M1 really is an entire system on a chip. Everything is on the M1." (daringfireball.net)
- We are likely underplaying the significance of the new M1 chips. (500ish.com)
- Apple ($AAPL) played it too safe with the new M1-powered Macs. (venturebeat.com)
Gaming
- Retailers are having a hard time keeping the new consoles in stock. (nytimes.com)
- A rave review for the new PS5 console. (washingtonpost.com)
- However, the Xbox Series X is not a quantum leap forward. (washingtonpost.com)
Food
- DoorDash could be public by year-end. (msn.com)
- The big restaurant chains really don't want to have to close dining rooms again. (wsj.com)
- Premium salad shops are losing out to pizza in pandemic. (marker.medium.com)
- The future of restaurants seems to be 'ghost kitchens.' (eater.com)
Funds
- DFA is late to the ETF party, but in the end didn't have a choice. (riabiz.com)
- How is Softbank's in-house hedge fund doing? (ft.com)
- "Ray Dalio's Bridgewater Associates is doing far better in China than in the rest of the world." (scmp.com)
- Asset managers are having a hard time breaking through the pandemic noise to reach potential clients. (institutionalinvestor.com)
Pandemic
- Still no signs of a turn in the Covid data. (calculatedriskblog.com)
- Putting into (sad) perspective the current rate of Covid fatalities. (marginalrevolution.com)
- The U.S. is experiencing a series of regional waves that add up to a third wave. (politicalcalculations.blogspot.com)
Economy
- Weekly initial unemployment claims continue to tick lower. (calculatedriskblog.com)
- What a vaccine means for the U.S. economy. (economist.com)
Earlier on Abnormal Returns
- Longform links: surrendering to the platform. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: why FOMO exists. (abnormalreturns.com)
- Every Friday I send out five links for advisers to help them think a little differently about the world. Sign up now! (newsletter.abnormalreturns.com)
